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Financial Advice for British Expats in France


Before moving to France, there’s no doubt you will have a myriad of things to organise, think about and do – not just the packing! Here are some useful tips for British expats to be, to help you consider your budget so that you have no nasty surprises later.

1. Inform the UK inspector of taxes at your local HMRC tax office that you are planning to move abroad by filling in the form P85. This will allow the UK tax office to clear up any outstanding issues before you move. You can download the form online at:

2. Start planning a strategy for your savings and income before you move. Some UK savings products are really square pegs in round holes when it comes to French taxation; it might be better to consider closing or changing them before you become French tax resident.

3. Use a qualified authorised financial adviser who understands both the UK and French tax systems. This will help you to make informed choices about your pension options as there are proposed changes in the UK from 2015 that may affect your current thinking.

Note: Websites and business cards will clearly state whether an advisor is qualified and by whom regulation from. The FCA and ORIAS will have a list of those authorised and qualified.

4. Consider your status with regard to the distribution of your estate. Inheritance planning in advance of your move can save considerable heartache later. You may include all of your assets (property and cash) wherever they based.

5. Use a competent tax adviser to prepare your first French tax return. Getting it right first time means no unpleasant surprises later on and allows you time to figure out how the system works. Your tax adviser can also liaise with your financial advisor concerning the timings for moving/closing some investments which can be crucial.

(Dated: 2015)

Jennie Poate is a qualified financial adviser. for information and factsheets

The information on this page is intended only as an introduction only and is not designed to offer solutions or advice. Beacon Global Wealth Management can accept no responsibility whatsoever for losses incurred by acting on the information in this article.

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